Shares of Tesla (TSLA) are on the rise after the electric carmaker reported an uptick in Model 3 output, but still short of CEO Elon Musk’s goal of 2,500 vehicles a week. Tesla also said it will not require an equity or debt raise this year. Following the announcement, Baird analyst Ben Kallo told investors…
Shares of Tesla (TSLA) are on the rise after the electric carmaker reported an uptick in Model 3 output, but still short of CEO Elon Musk’s goal of 2,500 vehicles a week. Tesla also said it will not require an equity or debt raise this year. Following the announcement, Baird analyst Ben Kallo told investors…
The Fed hopes to move contracts to SOFR, away from the volatile, yet massive LIBOR market. First Steps A Libor Replacement Project is underway. Regulators around the globe began work on replacements for Libor, the London interbank offered rate, well before the U.K.’s Financial Conduct Authority sought to put the beleaguered interest-rate benchmark out of its misery….
The Major Markets Index (XMI) has plunged back into its long-term uptrending Andrew’s Pitchfork channel after a January breakout failed to hold, as shown on the monthly chart below. It may be headed back to its next major support level and channel median around 2250. Its momentum indicator uptrend has been broken and is hinting of further weakness ahead on…
While there may have been some confusion whether it was Swedish or Swiss, there was nothing confusing about the precise price where Spotify broke for trading: at precisely 12:43 pm the first trade crossed at $165.90. As such, the world’s most popular music streaming service outdid analysts’ expectations during its Directly Listed public offering – the biggest…
Last week, on-demand shipping startup Shyp Co-Founder and CEO Kevin Gibbon announced that the company is shutting down operations and laying off all employees. This comes after a five-year journey in which it had raised $62 million and had a valuation of $250 million. San Francisco-based Shyp was founded in 2013 by Kevin Gibbon, Jack…
The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market divided by the replacement cost of all its companies. Fortunately, the government does the…
iStock.com/Petrovich9 A Stock Market Crash Is Inevitable as Tech Bubble and Trade War Expose Weaknesses Amazon.com, Inc. (NASDAQ:AMZN) stock has been getting the pneumatic hammer treatment on Wall Street. Many consider this a sign of the imminent stock market crash. The market lost some six percent of its value on April 2. Many like to blame President…
The Pound Sterling continued to climb during London trading on Tuesday after the release of the latest manufacturing data from the UK. According to Markit Surveys, the PMI manufacturing survey for March came in at 55.1, well above the 54.7 that had been predicted by analysts; the February reading, however, was revised downward to 55.0…
The Australian Dollar is approaching multi-year uptrend support after plummeting nearly 6% off the yearly highs. If the broader uptrend is to remain viable, prices will need to find a low ahead of this key structural support confluence in the days to come. It’s make-or-break here for the Aussie. AUD/USD DAILY PRICE CHART Technical Outlook: In this week’s Technical…
